Consumer Confidence Misses; Present Situation Tumbles Most In 15 Months

After March's exuberant surge to the higest level since Jan 2008, serial extrapolators drew their lines and proclaimed that Consumer Confidence would jump further to 83.2 - it didn't. Confidence dropped from a revised 83.9 to 82.3 as Present Situation dropped its most in 15 months.


Hope (expectations) remains at its highest in 8 months but plans to buy a car dropped to 1 year lows and plans to buy a major appliance dropped to 5 month lows.


Charts: Bloomberg